Popoca

[Closed for Investment] Popoca, with a valuation of $2 million, is raising funds on Wefunder. It is a Salvadoran restaurant in Oakland, California that brings the traditional cooking and recipes of El Salvador with its progressive food like pupusas and tamales. Popoca’s food is made using fresh and high-quality ingredients and cooked over a wood fire. The restaurant includes a daytime cafe, full dinner service, and late-night craft bar and has been featured in SF Chronicle, Eater SF, and Bon Appetit Magazine. Anthony Salguero founded Popoca in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for covering labor costs, art and fixtures, future operating expenses, furniture, signage and marketing, and office equipment.

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Investment Overview

Raised this Round: Raised: $54,492

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/15/2023
Close Date
12/15/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$2,020,000

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Richmond, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Anthony Salguero
Title
Co-Owner

Financials

as of Fiscal Year 2022
 Revenue -40.9% YoY
$102,214
 Monthly Burn
Profitable
 Cash on Hand
$113,122
Gross Margin
78%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$102,214

$172,980

COGS

$22,592

$39,644

Tax

$806

$7,959

 

 

Net Income

$79,622

$-22,141

Summary Balance Sheet

FY 2022 FY 2021

Cash

$113,122

$92,607

Accounts Receivable

$0

$0

Total Assets

$196,760

$138,782

Short-Term Debt

$211,340

$55,142

Long-Term Debt

$95,190

$135,014

Total Liabilities

$306,530

$190,156

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/15/2023 Wefunder $2,020,000 $54,492 Equity - Common Funded RegCF
07/28/2021 SMBX - $115,130 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Popoca on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,020,000
Price per Share: $100.00

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Follow Popoca on Wefunder 2023

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Warning: according to the close date for this deal, Popoca may no longer be accepting investments.

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